Goodbye 2021, Hello 2022!

Goodbye 2021

Goodbye 2021, hello 2022, finally! Here’s a brief review of our 2021; goals for 2022 to follow shortly.  In so many ways we are glad 2021 is behind us. It was a very difficult year for many businesses and individuals; too many had businesses closed, experienced hardships and lives were shattered and lost.  Our heartfelt wishes, thoughts and prayers go out to everyone who suffered, in any way, in 2021.

Traditionally, corporate year-in-review articles list a myriad of accomplishments i.e., promotions and competitive advancements achieved during the preceding year.  However, most of the articles in the wake of 2021 seem more focused on “we made it” than a corporate pat on the back, even when the achievements have been significant and noteworthy.  Likewise, despite our many incredible achievements involving expansion, promotions, and new technological and competitive advancements, much of this article will focus on GROCO’s most valued assets: our wonderful employees and clients, and how they survived, even thrived, during 2021.

 

Working remotely in 2021

Eventually, GROCO will move to a hybrid model where employees near a production center will rotate workdays between home and the office.  As a particularly technologically advanced CPA and family office tax and advisory firm, we have had the capability to securely allow employees to work remotely from home for years.  Interestingly, it started because employees we valued and cared for experienced profound changes in their family situations; to both help and keep them, we found a way to adapt to their needs.  Having a Managing Partner with 7 children who truly understands and promotes work/life balance has improved the firm and our employees’ lives in many ways.  Allowing employees to work remotely years before the pandemic is just one example.

When local mandates forced many firms to completely alter how they did business, we simply allowed more employees to work from home.  The services we provide our wonderful clients never suffered, shielding them from the pain so many of their friends at other firms experienced.  2020 and 2021 were very bad for many firms, but GROCO didn’t skip a beat.

 

Devil is in the details

Having already established protocols in 2020 to reduce the chance of the COVID-19 virus being transmitted within our office, these practices simply became routine in 2021.  Only a handful of employees elected to continue working in the office.  Enhanced sanitation procedures, fewer employees in the office, and adherence to local mandates were all successful in protecting our employees and clients’ health and safety.

 

Thriving

GROCO, its employees and clients had a lot to be grateful for and many accomplishments in 2021.  GROCO officially expanded into several states, added wonderful new clients, and improved technology that will position the firm to best utilize AI and other new technology expected in 2022 and beyond.  In short, we continue to help our clients thrive and by so doing, ourselves.

 

Looking back at 2021, and forward toward 2022

We sincerely grieve with all those who suffered in 2021.  We take solace in the fact that 2022 should be better and we stand in unison with our employees and clients to help insure this is so.  If helpful in any way, please refer to our COVID-19 page on our website.  We look forward to a 2022 that brings hope and so much potential and wish the very best for all of us.

 

We hope you found this article, Goodbye to 2021, Hello 2022 about a review of GROCO’s 2021 helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Considerately yours,

GROCO, GROCO Tax, GROCO Technology, GROCO Advisory Services, GROCO Consulting Services, GROCO Relationship Services, GROCO Consulting/Advisory Services, GROCO Family Office Wealth, and GROCO Family Office Services.

Posted in
employee

Employee Ownership Update

Employee Ownership The following article appeared in the New York Times on May 21, 2006 and is one of the best articles about employee ownership that I have seen. It illustrates a few great examples of how employee ownership has helped companies achieve extraordinary success. These Workers Act Like Owners (Because They Are) By William…

FAMILY LIMITED

Family Limited

This FLP Alert is directed at clients and their advisors who have already established Family Limited Partnership irs (“FLP’s”) and those clients who are considering a partnership as part of their estate plan. With all the attacks the IRS has made on FLP’s over the past few years, culminating at the Strangi III decision in…

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think Approaches to Value Intangible Assets Posted: 3/31/11 I’ve received a lot of inquires asking how to value a company that has yet to generate any revenue, has not reached profitability, and yet, it has a substantial history of expenses. Most are start-up…

To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. Alan Olsen, CPA Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world. Alan L. Olsen, CPA, Wikipedia Bio GROCO.com is a proud sponsor of The American Dreams Show. American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business. Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind. The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most. They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more.. American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included: Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work… Untitled_Artwork copy 4 MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement: In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges. Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Does Your Business Need a Buy-Sell Agreement?

Does Your Business Need a Buy-Sell Agreement? What Is Buy-Sell Agreement? Buy-Sell Agreement, also known as a buyout agreement, give the company or other stockholders the option or obligation to purchase the interests of other owners under some specified circumstances called trigger events such as death, departure, or retirement, etc. There are two basic types…